Preview

Law421/ week 5 final team

Satisfactory Essays
Open Document
Open Document
546 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Law421/ week 5 final team
Addressing International and Ethical Issues
Christy Caruthers, Arsonia Fisher, Andrew Gunn-Wilinski, Andrew Lombardo, Wade Hall, Claudia Pino
Law 421/Contemporary Business Law
May 4, 2014
Instructor: Charles (C.J.) Hughes

Addressing International Legal and Ethical Issues
This week simulation involved two companies; CadMex Pharma a pharmaceutical
Company based in the United States and Genture a biotechnology company based in Candore.
Genture developed a new drug for diabetes and is looking to partnership with CadMex to manufacture and market the drug at an international level. This week’s provides a brief overview of international legal and ethical issues in international transactions.
Before taking legal action against a foreign business partner it is important to take into consideration different laws, political situations, prevailing international laws, and cultural influence have a major impact on international markets. Usually, international arbitration is the most appropriate venue to resolve any disputes between both companies. It is also important to factor in issues such political climate and sublicensing when making decisions as these could drastically affect an international partnership.
The granting of sublicensing could have a negative affect and different factors need to be evaluated before proceeding. For instance, sublicensing could erode Cadmex's profit share, and pose a risk, if the licensee is producing and selling patented pharmaceuticals on the open market. According to University of Phoenix Addressing International Legal and Ethical Issues (2014), under TRIPS,Article 31(f) allows for compulsory licensing of pharmaceuticals in the event of a health emergency; given the political climate in Candor, it could lead to such misuse by way of such a government declaration. If CadMex's agreement is not properly executed, it could allow the sub licensee to extend that license to others, leading to a licensee

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Bsa310 Week 2 Team

    • 546 Words
    • 3 Pages

    The homepage needs a separate link for visitors to easy access careers. Also the product catalog should be on the homepage.…

    • 546 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Addressing International Legal and Ethical Issues Within ContractsJames Michael SmithUniversity of PhoenixAddressing International Legal and Ethical Issues Within ContractsUniversity of Phoenix offers a simulation about CadMex and Gentura and an international contract they pursue (University of Phoenix, 2009). CadMex as a pharmaceutical company is about to go into contract with Gentura, a company in the country of Candore. CadMex needs to make sure that the contract that is formulated offers protection that will mutually benefit each party while allowing CadMex to successfully market a new product from Gentura entitled ProPrev. This paper will answer why Gentura would be in breach of its contract with CadMex Pharmaceuticals, the remedies that might be available for such a breach, and also make recommendations on how the Gentura situation should be handled. Within the paper an analysis of selecting the proper forum and venue for dispute resolution will also be explained followed by the conclusion.…

    • 774 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The most important aspect a business should consider is the laws of the country that it enters into when doing business. A law in the United States is may not be the same as a law in the foreign country. If a certain law is broken, just because the law is enforceable in the U.S., it may not be enforceable in the foreign country. Although contracts are binding agreements, they are only binding if the law agrees. One last thing to consider are certain countries can deny further business transactions in that country should they file a lawsuit (Melvin, 2011).…

    • 540 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Law421 week 2

    • 518 Words
    • 3 Pages

    The issue with sublicensing contracts is when an organization or company selects to develop several quantities of them, the more they enhance their possibilities of having a case brought against them. If the organization forgets to incorporate in sub-paragraphs in the agreements absolving them of any legality due to the contracts, they may be completely responsible for any financial harms. These types of fiscal harms might be from a company or person suing one of the companies established in the sublicensing contract (Melvin, 2011).…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    When the United States (U.S.) entering into an agreement with another country it is important that the U.S. Company confirms that the contract is legally enforceable. With international business transactions each country needs to be aware of any international laws and legislations. Both parties should also be aware of changes that are made to international laws and regulations.…

    • 547 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Venit, S., & Drake, E. (2011). Prelude to Programming Concepts and Design (5th ed.). Boston, MA: Addison-Wesley.…

    • 1800 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Disagreements are very common in international trade. Whenever a company enters into a contract with an international entity, it must ensure that the contract is legally enforceable in order to protect the company's interest.…

    • 737 Words
    • 3 Pages
    Good Essays
  • Better Essays

    The fact is that domestic law has nothing to do with international law and companies should be ready to face any issue that could appear. The second week material offered more information on how to handle international issues. The forum selection is the most important thing to do when trying to avoid future conflicts of law. Litigation and arbitration are the best options for organizations involved in international disputes. Legal advice or counseling is a useful resource that could help avoid confusions and setbacks in the future; it is always better to be…

    • 1256 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    R. (2008). School law: what every educator should know: a user-friendly guide. Retrieved from The University of Phoenix eBook Collection database.…

    • 591 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    In summary, whether a business is a domestic or international based the rules of the game have to be clearly defined. By not doing so, the success of any venture is doomed to fail and with good reason. Extensive knowledge of the field chosen to do business is fundamental and when disputes arise the parties involved have to know that their interests are being represented in an equitable manner. Good reputation and good business practices are good traits for businesses to ensure compliance with laws which can be local or international. It is imperative…

    • 356 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    * What are some practical considerations of taking legal action against a foreign business partner based in another country?…

    • 466 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Socs315 Week 5 You Decide

    • 1100 Words
    • 5 Pages

    When you are in a relationship, arguments or disagreements can arise. They can often trigger strong emotions that lead to hurtful words and uneasiness. If these conflicts are not resolved in a healthy way, resentment and a dissolved relationship could follow. However, when they are resolved in a proper manner, it could promote growth between the couple and fortify the bonds of their relationship (Conflict Resolution Skills).…

    • 1100 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Week 4 Team Assignment

    • 303 Words
    • 2 Pages

    Each state has at least two separate tiers of government counties and municipalities. Some states are divided even further into townships.…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Business Law

    • 421 Words
    • 2 Pages

    The issues involved in resolving legal disputes in international Transactions are the changes that are mad to international laws and regulations. The largest focus is the minimum wages. What is most discussed is China has a cheap labor force compared to America. This increases the profits for the company who outsources to cheaper labor cost. If the China manufacturing do not meet the US standards the US Company may become obligated to take legal action against the China Company. The American Company must take into consideration if the China Company meets their manufacturing requirements. The most common discuss topic on this matter is the lead based paint China Manufacturing applied to their products. American laws banned lead based paint and all products in China did not have an obligation to change their paint because China did not ban the lead in the paint. Once the orders started to return because it didn’t meet the US standards, China standards and laws did not change, however the China Company changed its paint to continue business with its foreign business partner. This strengthened the relationship and caused for contracts to outline such changes in manufacturing requirement. To cover the purchase of illegal products a contract must be agreed upon between the companies. This is the same in the way CadMex granted sublicensing agreements. This places CadMex as the liable party in a lawsuit. Without total control over the loosely worded contracts they become vulnerable to loop holes when law suits are filed against them. When the local customs and laws conflict with the customs and laws of an organization operating abroad the company that produces the product has the responsibility to abide by the ordering countries laws. When ordering products the contracts should stipulate the required regulation standards. If both parties agree upon the…

    • 421 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Week 5 final

    • 2509 Words
    • 7 Pages

    Women always fought for the right to have abortions, it’s known throughout history. In 1973 a well-known case, Roe versus Wade, is what legalized abortion in the United States. “The United States marks 40 years of legalized abortion in all fifty states at any time for any reason throughout pregnancy on January 22nd, the anniversary of the Roe v. Wade Supreme Court decision. Since that time, there have been approximately 55,772,015 abortions that have destroyed the lives of unborn children” (Ertelt, 2013). There are people who agree with abortion and there are those who don’t. In today’s society, they also call it pro-life and pro-choice; both, people who do and don’t agree with abortion, have their own options to this type of issue and debate its ethics. In the Roe VS Wade case they want the best outcome for the child as wel as the mother. When Roe legalized the right to abortion, these nations were changed, revising the parent-child relationship in completely new ways and removing parents from the equation when abortion was involved as a choice for a child (Kohm, 2014). Abortion is one of the most arguable topics even in politics. Why do people truly feel so strong about abortion?…

    • 2509 Words
    • 7 Pages
    Better Essays

Related Topics